Ginni Filaments Limited (GINNIFILA.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+127.0%

₹88.54

vs ₹39.00 price

Levered DCF

₹55.59

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

—

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	7.7×	40.82×	-3.22×	-10.12×	7.47×	3.36×	7.53×	-27.55×
P/B	1.21×	0.86×	1.4×	0.52×	1.24×	0.58×	0.23×	0.53×
P/S	0.77×	0.46×	0.79×	0.4×	0.34×	0.18×	0.06×	0.12×
EV / EBITDA	4.74×	7.94×	40.53×	7.42×	5.69×	3.27×	5.45×	7.55×
Gross margin	44.3%	47.7%	29.0%	31.6%	30.3%	16.8%	9.3%	7.9%
Operating margin	15.6%	39.3%	2.3%	6.1%	8.4%	10.5%	4.4%	3.3%
Net margin	10.0%	1.1%	-24.6%	-3.9%	4.5%	5.3%	0.7%	-0.4%
Current ratio	2.69×	1.73×	1.54×	1.28×	1.31×	1.15×	1.11×	0.97×
Debt / equity	0.17×	0.37×	0.4×	0.92×	1.12×	0.97×	1.68×	1.61×
Interest coverage	12.79×	14.73×	0.63×	2.41×	3.68×	3×	1.03×	0.8×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	1.1%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-29.4%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	15.7%	2.1%	-43.4%	-5.1%	16.5%	17.3%	3.1%	-2.0%
Return on invested capital	16.3%	47.4%	2.3%	3.5%	8.8%	10.5%	4.1%	5.5%
Return on assets	11.3%	1.2%	-23.9%	-2.3%	6.2%	7.1%	1.0%	-0.6%
Free cash flow yield	17.3%	3.6%	5.0%	64.9%	-22.2%	66.6%	5.9%	46.7%
Earnings yield	13.0%	2.5%	-31.0%	-9.9%	13.4%	29.8%	13.2%	-3.7%
Enterprise value	₹3B	₹2.4B	₹3.3B	₹4B	₹6.9B	₹3.7B	₹3.5B	₹3.8B
Net debt / EBITDA	0.27×	2.25×	7.45×	4.72×	2.7×	2.04×	4.78×	5.67×
Cash conversion cycle (days)	121	112	102	280	141	134	129	98